Manama, Bahrain – Khaleeji Bank, one of the leading Islamic banks in the Kingdom of Bahrain, has announced the launch of Visa+, a new service that enables users to send money to Visa cardholders in the GCC using only the recipient’s mobile number. Khaleeji Bank is among the first banks to offer this service, marking a significant […]
RIYADH – Electronic payments now account for 79 percent of all retail transactions in Saudi Arabia, up from 70 percent in 2023, marking a significant leap in the Kingdom’s transition toward a cashless economy, according to data released by the Saudi Central Bank (SAMA). The milestone reflects the Kingdom’s ongoing commitment to the Financial Sector […]
Manama, Bahrain – Visa, a global leader in digital payments, introduces Visa+ service in Bahrain, allowing users to send money to Visa cardholders within GCC using only recipient’s mobile number. The innovative service is available to customers of Bahrain Islamic Bank (BisB) and Khaleeji Bank at the initial phase. Bahrain is one of the first global […]
Riyadh, Saudi Arabia – Sadq, the leading Saudi platform for digital signatures and integrated workflow authentication solutions, has announced the successful close of its Pre-Series A funding round, raising SAR 5.5 million. The round was led by X by Unifonic Fund, with participation from a group of investors and a strategic investment from Unifonic. This investment […]
DigiTrends, a leading player in digital transformation, has obtained its official company registration in KSA and is joining the ranks of pioneering companies in the Kingdom. This milestone was marked in the esteemed presence of Pakistani Ambassador Mr. Ahmad Farooq, First Secretary Mr. Shafiq Ahmed, and key members of the DigiTrends leadership team—CEO Samad Saleem, Regional […]
Bahrain – The Central Bank of Bahrain (CBB) has granted a payment service provider (PSP) licence to BPay Global allowing it to operate in the kingdom. BPay Global is a payment services company in the Binance Group. The PSP licence will allow the company to provide fiat services to Binance customers globally, including fiat top […]
Manama, Bahrain – Standard Chartered Bahrain, in partnership with Bahrain FinTech Bay (BFB), announced the sixth cohort of its “SC Women in Tech” incubation programme in Bahrain, which will officially commence and open for applications on April 22, 2025. This marks the sixth anniversary of supporting female entrepreneurs in Bahrain. The programme was launched in collaboration […]
ShopUp, Bangladesh’s largest B2B commerce platform, and Sary, the leading B2B marketplace and services platform in the Gulf, have merged to form SILQ Group. This merger brings together Gulf & Emerging Asia, creating the largest B2B commerce platform to serve the fastest-growing consumer markets in the region and across the globe. The merger is backed […]
Jeddah, Saudi Arabia – April 8, 2025 — STUCK?, a rising AI-powered language intelligence platform based in Saudi Arabia, has closed its pre-seed funding round, raising a high six-figure investment to accelerate the development of Arabic-focused AI language solutions. The round was led by UK-based Mena Tech Fund (MTF), marking the VC’s first investment in […]
Riyadh, Saudi Arabia – April 2025 — FeeSolution, a digital platform specializing in school payment solutions, has successfully closed a Pre-Seed investment round of SAR 1,125,000. The round was backed by a group of angel investors and will support the company’s ongoing product development and market expansion efforts. Founded in early 2025, FeeSolution provides a […]